Cambodia had plans to draw oil since it discovered deposits off Preah Sihanouk province’s coast more than 15 years ago. KrisEnergy, a Singapore-based oil and gas company, is licensed to extract oil in Cambodia’s Block A territory, about 150 km off the coast in the Gulf of Thailand. The company has missed another deadline to produce oil from the block. The Cambodian government has asked the firm to produce oil by end 2020 or potentially lose its drilling rights. The government holds a 5 per cent stake in Block A, while the rest of it belongs to KrisEnergy.
